“Avoiding excessive taxes and immolation in stupid wars should be a goal of every thinking person. Yet many have been conned into believing that personal and economic self-preservation is immoral and unpatriotic. The government imposed burdens, such as wars and taxes that support projects which we do not believe in, are just a small part of the package of unnecessary servitudes accepted by most people in the world.”
— W.G. Hill
Euro close to parity 💀
Legislators in Argentina 🇦🇷 are promoting a bill for the Central Bank (BCRA) to keep 1% of international reserves in Bitcoin.
Dodged a bullet, literally
Argentina’s 🇦🇷 country risk is almost at the 800 level. Below that, credit against less than 10% gets unlocked.
📍Plaza del Congreso, Buenos Aires
Vibes were high last night 👌
The Central Bank of Argentina 🇦🇷 (BCRA) began to artistically display Bitcoin miners and other mining machines today.
It is the first Central Bank in the world to do so.
Cumulative public employees since January. Another 30,000 will be let go between now and next month.
¡AFUERA!
“Bitcoin will probably go negative because if we’re moving into a world with carbon taxes, you have to take into account the energy that it took to produce it in the first place”
— Peter Zeihan, Jan 2023, BTC price $17,093
Festivals are a mini version of a CBDC. You prepay with a digital payment method (debit or credit card) to prepay and charge the festival card.
There is no way to transfer money in or out of this closed system from the outside.
The card is only usable on the festival grounds and there is no refund, so the money has an expiration date as well (when the festival ends).
🎉President Javier Milei dissolves the AFIP (the IRS in Argentina) and creates a new, smaller collection agency.
- Directors' salaries are reduced by 90%.
- The salaries of senior authorities, the "political staff", are reduced by 45%.
- The salaries of lower-level authorities are reduced by 30%.
- The number of employees on leave is reduced by 15%.
¡AFUERA!
“World War 3 is a guerrilla information war with no division between military and civilian participation.”
— Marshall McLuhan
Entraña 🥩 in Mar del Plata 👌
“Anyone has the right to be stupid, but not to demand that we venerate their stupidity.”
— Nicolás Gómez Dávila
📍Cafayate, Salta
What a day for a daydream, custom made for a daydreaming boy
Inflation in Argentina 🇦🇷 since 2001.
Imagine if Milei hadn’t won the elections and Massa would’ve continued his hyperinflationary model.
Any media outlet crying about inflation now (whereas there were hardly any tears during naughty nose Massa), cannot be taken seriously.
Government coercion in practice (you don’t need to understand Italian to get it)